Month: October 2012

New Poll: Is China a Currency Manipulator?

In the last Profit & Loss poll, inspired by panel discussions at Forex Network Chicago, we asked members of the P&L Forex Network Group on LinkedIn if they thought FX non-deliverable forwards would be mandated to be cleared before the end of 2013. As was the case among the audience at FXN Chicago, the result […]

Baker Joins CME

Malcolm Baker has joined CME Group as director of FX in London, reporting to Will Patrick, senior director for FX products. Baker was most recently a senior trader at Source Capital in Zug, Switzerland, spending three years in the role. Prior to this he was a director and interest rate trader at Jump Trading in London for […]

SEFCON III Panels will Explore Swap Execution, Liquidity and SEF Registration

The Wholesale Markets Brokers’ Association, Americas has released the program for SEFCON III, the association’s annual conference which brings together nearly 400 interdealer brokers, policymakers and other capital markets participants to examine and understand the key issues facing the markets. This year’s conference pays particular attention to critical questions arising from the implementation of the […]

And Finally…

Leadership is an elusive quality, occasionally it requires someone to be very proactive, other times an organisation or process runs so smoothly leadership is about sitting back and letting people do what they do best. Great leadership is not, and should not, involve the creation of confusion. I am talking, of course, about the confusion […]

Tech Corner

Saxo Bank has added a historic spreads tool to Saxobank.com that allows traders to see the average spread as well as the minimum/maximum spread over a historical time period, sorted by volume and time of day. The tool is available on the website and allows traders to adjust the settings to view specific data for […]

On the Move

Winn Joins 360T A spokesperson for 360T has confirmed that Simon Winn has joined the multi-bank FX platform company as head of sales for Asia ex-Japan, South-East Asia, Australia and New Zealand. Winn, who is based in Singapore, started his new role at the beginning of the month and reports to Mathew Kuppe, 360T’s managing […]

DME to Add Currency Futures?

The Dubai Mercantile Exchange (DME) is considering adding financial futures products, such as currency derivatives, to its derivative contract offerings. According to media reports, the exchange plans to expand its derivatives offerings and is considering currency derivatives, as well as oil and agricultural products, following CME Group, the world’s largest futures exchange operator by volume, […]

SEC Proposes Rules for Security-Based Swap Dealers

The US Securities and Exchange Commission last week voted unanimously on capital, margin and segregation requirements for security-based swap dealers and major security-based swap participants. The proposed rules are required by the US Dodd-Frank Act, which authorises the SEC and other regulators to implement a comprehensive framework for regulating the vast over-the-counter swaps market. Under […]

BBA Appoints New Chairman

Sir Nigel Wicks, chairman of the Euroclear clearing group, is to take on the role of chairman of the British Bankers’ Association (BBA), which was rocked recently by the scandal linked to the rigging of the Libor rate. Wicks, who served as principal private secretary to former Prime Minister Margaret Thatcher in the 1980s and, […]

Argo to Launch EM FX and Bond Hedge Fund

Emerging markets-focused hedge fund, Argo Capital Management, is set to launch a new hedge fund that will deliver returns in foreign exchange and bond markets using a long/short approach. The new fund, the Argo Local Markets Fund, will be the fourth from the London-headquartered company, according to a MenaFM article. The firm has been in […]